SOL/BTC It seems to have broken the down trend, stuck within a range, in possible accumulation? Double bottom, possible bullish flag on the 4 hour chart.
Low risk buy is 5600 area if it gets there again, easy to cut if closes below. Can wait for the S/R flip of the 7200's area. BTC dominance might be in reversal mode, so take some caution here. If BTC dominance starts to increase again, then you know what
If you really want in then the bottom of the flag might be and okay entry.
Not an expert, I just see patterns!
Low risk buy is 5600 area if it gets there again, easy to cut if closes below. Can wait for the S/R flip of the 7200's area. BTC dominance might be in reversal mode, so take some caution here. If BTC dominance starts to increase again, then you know what
If you really want in then the bottom of the flag might be and okay entry.
Not an expert, I just see patterns!
Comment:
Still stuck in this range. We may see another BTC move soon. Might cut some of my alt positions, this being one of them...undecided.
Trade active:
Finally broke out of accumulation range (in the middle of the night of course). Sold some at 8300s, but buying back in the 7100s area (top of the previous range). BTC dominance looks like it's going down for the next day or two, Bitcoin price feels stable: favourable environment for continuation of an uptrend.
Comment:
forgot to post an updated chart:
Trade active:
Chart re-jigged. Bull flag on the 1 hour. Send it!